Caltech Announces Breakthrough $100 Million Gift to Fund Space-based Solar Power Project

A solar panel being developed by the Space Solar Power Project at Caltech. (Credit: Caltech)

PASADENA, August 3, 2021 (Caltech PR) — Today, Caltech is announcing that Donald Bren, chairman of Irvine Company and a lifetime member of the Caltech Board of Trustees, donated over $100 million to form the Space-based Solar Power Project (SSPP), which is developing technology capable of generating solar power in space and beaming it back to Earth.